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DES - Online Annual Report 2008

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My Annual Report

28. Income tax expense

in € thousands 2008 2007
Current tax expense -108 -375
Deferred tax liabilities – domestic companies -5,642 19,576
Deferred tax liabilities – foreign companies -12,368 -2,857
  -18,118 16,344

In measuring deferred taxes, the tax rates applicable in accordance with IAS 12 are the ones valid under current legislation at the date at which the temporary differences will probably reverse. In 2008, a tax rate of 15% was used for the companies in Germany. In addition, a solidarity surcharge of 5.5% on the calculated corporation tax was recognised. The respective local tax rates were recognised for companies abroad.

In the previous year, deferred tax items were reversed in light of the corporation tax reform and the associated reduction of corporation tax rates.

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